Demand for Industrial Lubricants in Indonesia Driven by Rising Investments in Manufacturing and Construction Industry, Growth in SME Sector and Emergence of New Domestic & International Players: Ken Research

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“The growing manufacturing sector, increasing import of crude oil, mounting small & micro establishments in the country and the entry of global players in the market will be the key factors driving growth in Indonesia Industrial Lubricants Market.”

Analysts at Ken Research in their latest publication Indonesia Industrial Lubricants Market Outlook to 2023 – By Industrial Lubricants (Hydraulic Oils, Industrial Greases, Metal Working Fluids, Industrial Gear Oils, Turbine Oils, Compressor Oils and Others), By End Uses (Construction and Mining, General Manufacturing, Power Generation, Metal Production, Food Processing, Cement and Others), By Distribution Channel (Direct Sales and Dealer Network)” believes that growth in the manufacturing sector, increase in imports of crude oil and rising investments in SME sector would surge the industrial lubricants market in Indonesia. The market has witnessed a positive CAGR of close to 6% in terms of sales volume of industrial lubricants during the review period 2013-2018.

Growth of the Manufacturing Sector: Indonesia witnessed strong growth in the manufacturing sector due to expansion of several industries including mining, construction, metal, and steel production, marine, and aerospace, oil & gas, power generation, road construction, automobile manufacturing, and others. GDP generated from manufacturing activities increased from IDR 2,007 trillion in 2013 to IDR 2,947 trillion in 2018 at a CAGR of 8% during the review period. The growth in investments in the manufacturing sector led to a higher demand for industrial lubricants in the country.

Increase in Number of Construction Projects in the Country: The number of construction projects in Indonesia increased from 131,080 in 2013 to in 160,576 in 2018. In recent years, construction activity has been majorly concentrated in Jakarta, surrounding provinces of Banten and West Java. It was witnessed that the highest demanded lubricant by the construction & mining sector was hydraulic oil which is usually ordered in bulk quantities. Construction and The mining sector contributed the highest share to the total sales volume (demand) of industrial lubricants in Indonesia in 2018.

Market Competition: Indonesia Industrial Lubricants market players are highly competitive and compete on parameters such as product prices, the distribution network, product quality, product customization and terms of payment offered to the clients in the country. Indonesia industrial lubricants competition structure is witnessed to be concentrated in nature with two players namely, Pertamina & Shell capturing more than more 50% of the market share in terms of sales volume with the majority of the industrial lubricant sales observed in Kalimantan, Sulawesi, Papua, Sumatra, and Jakarta.

Key Segments Covered in Indonesia Industrial Lubricants Market:-

By Origin

Mineral Lubricant

Semi-Synthetic Lubricant

Synthetic Lubricant

By Type of Industrial Lubricants

Hydraulic Oils

Industrial Greases

Metal Working Fluids

Industrial Gear Oils

Turbine Oils

Compressor Oils

Others

By Industrial End Uses

Construction and Mining

General Manufacturing

Power Generation

Metal production

Food Processing

Cement

Others

By Type of Distribution Channels

Direct Sales

Dealer Network

By Sales Clusters

Kalimantan

Sulawesi

Papua

Sumatra

By Basis of Packaging

Barrels, Drums

Smaller Packs

IBC (Intermediate Bulk Containers)

Key Target Audience

Industrial Lubricant Manufacturers

Industrial Lubricant Importers

Industrial Lubricant Distributors

Government and Regulatory Authority

Construction Companies

Textile Companies

Cement Companies

Mining Companies

Paper and Pulp Manufacturers

Power Generation Companies

Steel Manufacturers

Investors and VC Firms

Time Period Captured in the Report:-

Historical Period – 2013-2018

Forecast Period – 2019-2023

Companies Covered:-

PT Pertamina Lubricants

PT Shell Indonesia

Exxon Mobil

PT Castrol Indonesia

PT Total Indonesia

PT Idemitsu Lube Indonesia

PT Balmer Lawrie Indonesia

PT Pacific Lubritama

PT Fuchs Lubricants Indonesia

PT Chevron Indonesia

Keywords:-

PT Pacific Lubritama Lubricant Production Capacity

PT Chevron Indonesia Lubricants Sales Volume

Industrial Lubricants Market in Indonesia

Industrial Lubricants Market Indonesia

Industrial Clusters of Indonesia

Lubricant Distributors in Indonesia

Industrial Lubricants Sales Volume Shell

Number of Construction Projects in Indonesia

Number of Industrial Lubricants Manufacturers in Indonesia

Lubricant Manufacturers in Indonesia

Industrial Lubricant Sales Kalimantan

Industrial Lubricant Sales Papua

Indonesia Hydraulic Oils Market

Indonesia Industrial Greases Sale Volume

Indonesia Metal Working Fluids Market

Indonesia Industrial Lubricants Sales

Indonesia Turbine Oil Price

For More Information On The Research Report, Refer To Below Link:-

Indonesia Industrial Lubricants Market Outlook

Related Reports by Ken Research:-

Uganda Lubricants Market Outlook to 2023 – By Origin (Mineral, Semi-Synthetic and Synthetic), By Automotive (Passenger Car Motor Oils and Motor Cycle oils, Heavy Duty Diesel Engine Oils, Hydraulic Oils, Gear Oils and Transmission Fluids, Greases) and Industrial (Hydraulic Oils, Industrial Gear Oils, Turbine Oil, Compressor Oils, Greases, Transformer Oils and Grease), By End Users and By Distribution

Saudi Arabia Lubricants Market Outlook to 2023 – By Automotive (Passenger Car Motor Oil, Heavy Duty Engine oils, Hydraulic Oils, Gear Oils & transmission, and Greases), Industrial lubricants (Engine Oils, Turbine oils, Hydraulic oils, Industrial Gear oils, Transformer oils, Compressor oils, Greases) By Origin (Mineral, Synthetic and Semi-Synthetic)

India Industrial Lubricants Market Outlook to 2023 – Expected Tailwinds from Construction, Automotive and Tire Manufacturing along with Surging Penetration from International Companies

Contact Us:-
Ken Research
Ankur Gupta, Head Marketing & Communications
Sales@kenresearch.com
+91-9015378249

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